Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Short Interest Up 198.1% in August

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) was the target of a significant increase in short interest in August. As of August 15th, there was short interest totalling 204,800 shares, an increase of 198.1% from the July 31st total of 68,700 shares. Based on an average daily trading volume, of 408,300 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Aberdeen Total Dynamic Dividend Fund

Several hedge funds have recently added to or reduced their stakes in AOD. International Assets Investment Management LLC acquired a new stake in shares of Aberdeen Total Dynamic Dividend Fund in the fourth quarter valued at approximately $502,000. Vanguard Capital Wealth Advisors boosted its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 9.2% in the fourth quarter. Vanguard Capital Wealth Advisors now owns 30,306 shares of the investment management company’s stock valued at $244,000 after acquiring an additional 2,558 shares during the period. Shaker Financial Services LLC boosted its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 324.2% in the fourth quarter. Shaker Financial Services LLC now owns 79,104 shares of the investment management company’s stock valued at $642,000 after acquiring an additional 60,457 shares during the period. Avantax Advisory Services Inc. acquired a new stake in shares of Aberdeen Total Dynamic Dividend Fund in the fourth quarter valued at approximately $92,000. Finally, Cornerstone Advisors LLC boosted its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 141.1% in the fourth quarter. Cornerstone Advisors LLC now owns 357,871 shares of the investment management company’s stock valued at $2,884,000 after acquiring an additional 209,423 shares during the period.

Aberdeen Total Dynamic Dividend Fund Stock Performance

Shares of Aberdeen Total Dynamic Dividend Fund stock traded up $0.09 on Thursday, reaching $8.91. 516,443 shares of the company were exchanged, compared to its average volume of 333,515. The stock’s 50 day moving average price is $8.56 and its 200-day moving average price is $8.31. Aberdeen Total Dynamic Dividend Fund has a 1-year low of $7.01 and a 1-year high of $8.98.

Aberdeen Total Dynamic Dividend Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 23rd will be paid a $0.10 dividend. The ex-dividend date is Friday, August 23rd. This represents a $1.20 annualized dividend and a yield of 13.47%.